(Ecofin Agency) - In a statement published on February 24, the African Development Bank (AfDB) said it would soon issue a $1 billion bond with a 3-years maturity period.

The bank indicated that it has priced the bond due on March 4, 2019, at a coupon of 1.125%.

Lead managers of the bank’s first USD global benchmark for 2016 are BNP Paribas, HSBC, JP Morgan and Nomura..

Rated AAA/AAA/AAA by Standard & Poor’s, Moody’s and Fitch, all stable, AfDB successfully launched last December, a $500 million 3-year green bond transaction in London. These bonds are to be used to finance projects that are focused on mitigating and adapting to climate change, such as clean energies, energy efficiency, and low carbon transport projects.